Press Release

Total Page:16

File Type:pdf, Size:1020Kb

Press Release PRESS RELEASE January 17th 2011 Next decisive step towards a single European Electricity Market The NorNed cable successfully joins the interregional market coupling between Central-Western-Europe and the Nordic countries The project partners of Central West European (CWE1) and the Nordic countries2 are pleased to announce that the next significant step towards the integration of the European electricity market has been taken. The integration of the NorNed cable since January 12th has been successfully achieved within the interregional market coupling between France, Belgium, the Netherlands, Luxemburg and Germany (Central-West region) on one side, and Norway, Sweden, Finland, Estonia and Denmark on the other. The inclusion of the NorNed with the undersea DC-link between Norway and the Netherlands is the final milestone of the Interim Tight Volume Coupling (ITVC) between the two regional markets. The CWE price coupling and the ITVC solution have successfully started on 9 November 2010, connecting the existing volume coupling between Germany and the Nordic market with the new price coupling initiative in the Central-Western region. The two projects integrate a day-ahead market of more than 1,800 Terawatt hours of power production and cover approximately 60% of electricity consumption in Europe. The market coupling projects will be a significant contributor to a more efficient European power market to the benefit of all European citizens. With ambitious work, enormous efforts and the close cooperation between the 17 involved partners, the ITVC market coupling has now been fully completed. The Transmission System Operators and Power Exchanges will continue their work towards a future pan-European price coupling. 1 CWE region is the European region which includes Belgium, France, Luxembourg, Germany, the Netherlands 2 Nordic region is the region which includes Denmark, Sweden, Finland, Norway and Estonia Page 1 / 3 Press Contacts: Contact Person Phone number & e-mail 50Hertz Transmission Jens Mattausch +49 30 5150 4583 GmbH [email protected] +49 30 5150 3417 Volker Kamm [email protected] Amprion Marian Rappl +49 231 438 3679, [email protected] APX-ENDEX Sanna-Maaria Mattila +31 20 305 4000, [email protected] Belpex Rob Loos +32 2 546 70 57, [email protected] Creos Danielle Schmit +352 26 24 80 77, [email protected] Elia Eva Suls +32 477 48 80 09, [email protected] Lise Mulpas +32 478 65 28 90, [email protected] EMCC Vivien Neubert +49 40 36 90 54 60, [email protected] EnBW Kirsten Koenigs +49 711 128-2271, Transportnetze [email protected] Energinet.dk Klaus Thostrup +45 23 33 88 16, [email protected] EPEX Spot Wolfram Vogel +33 1 73 03 61 32, [email protected] Page 2 / 3 Fingrid Risto Lindroos +358 40 501 9996, [email protected] Nord Pool Spot Hans Randen +47 67 10 91 00, [email protected] RTE Alexia Rière + 331 41 02 15 69, [email protected] Statnett SF Tore Granli +47 915 15 991 [email protected] Svenska Kraftnät Maria Jäderberg +46 8 475 8010, [email protected] TenneT TSO BV Jelle Wils +31 26 373 13 75, [email protected] TenneT TSO GmbH Joëlle Bouillon +49 921 915 4046 [email protected] Page 3 / 3 .
Recommended publications
  • Nordic Grid Development Plan 2012 Foreword
    Nordic Grid Development Plan 2012 Foreword The Nordic transmission system operators (TSOs) have a long history of successful cooperation within grid development. Three common Nordic grid master plans have been developed in the last ten years in the context of Nordel, the previous cooperative organization for the Nordic TSOs. Joint Nordic grid development is essential to support further development of an integrated Nordic electricity market, as well as increased capacity to other countries and integration of renewable energy sources (RES). The Nordic co-operation on grid development is now taking place within the wider regional context provided by the regional groups North Sea and Baltic Sea of ENTSO-E, the European organization for TSOs, in addition to bilateral co-operation when required. The Nordic Grid Development Plan 2012 is prepared as a response to the request from the Nordic Council of Ministers of October 25, 2010. The plan is prepared by Statnett, Svenska Kraftnät, Energinet.dk and Fingrid, and the Icelandic TSO Landsnet has provided input regarding the Icelandic grid. The plan presents the Nordic grid investment plans for the next ten years. 28. September 2012 Oslo Stockholm Copenhagen Helsinki Statnett SF Svenska Kraftnät Energinet.dk Fingrid Auke Lont Mikael Odenberg Peder Østermark Andreasen Jukka Ruusunen CEO CEO CEO CEO LIST OF TABLES....................................................................................................................... 2 1 EXECUTIVE SUMMARY ............................................................................................
    [Show full text]
  • 'A+' Rating Affirmed with a Stable Outlook Statnett SF
    Research Update: Statnett SF 'A+' Rating Affirmed With A Stable Outlook February 26, 2020 Rating Action Overview PRIMARY CREDIT ANALYST - The Norwegian Energy Regulatory Authority (NVE) has announced that Statnett SF receives a Daniel Annas 100% efficiency score; this leads us to expect the company will capture in full the revenue cap Stockholm of its cost base. +46 (8) 4405925 daniel.annas - We expect continued ample rating headroom as our base-case scenario stipulated FFO to debt @spglobal.com to be close to 9% on average in coming years, and debt to EBITDA on average at about 8.5x, both SECONDARY CONTACT which we consider well commensurate with the 'bbb' stand-alone credit profile (SACP). Per Karlsson - We continue to view the regulatory environment for Norwegian as supportive, despite declining Stockholm weighted average cost of capital (WACC), because we view the framework as stable and (46) 8-440-5927 predictable; the WACC estimate for 2020 is 5.47%. per.karlsson @spglobal.com - We are therefore affirming our 'A+' rating and stable outlook on Statnett. ADDITIONAL CONTACT - Statnett's positive momentum in credit ratios post-2020 are hinged on RAB increasing as Industrial Ratings Europe planned, and without cost overruns. Corporate_Admin_London @spglobal.com Rating Action Rationale The regulator has announced Statnett as 100% efficient, which supports its credit ratios. On Jan. 31, the NVE announced Statnett's revenue cap, including an updated WACC estimation, at 5.47% and confirmation of a maintained 100% efficiency score. The WACC estimate decreased 35 basis points from the actual 5.82% reported in 2019, pointing to declining free-rate risk, computed as the average five-year swap rate from the most recent calendar year.
    [Show full text]
  • Joint Messages Roundtable of European Energy Industrialists Brussels, 7 February 2013
    w JOINT MESSAGES Roundtable of European Energy Industrialists Brussels, 7 February 2013 Empowering Market and Consumers The Roundtable of European Energy Industrialists, meeting in Brussels on 7 February 2013, represents companies that will invest more than € 75 billion by 2020. Between now and 2050, the energy industry as a whole will create millions of jobs and make a considerable contribution to economic growth. Eu- rope is now preparing its next vital steps towards a green energy transformation so comprehensive, that it overshadows all previous attempts at climate change mitigation around the world. By taking global leadership in realizing a low-carbon future, Europe's investment in infrastructure may foster a recovery from the economic downturn. Above all, the Roundtable of European Energy Industrialists believes that the future is electric, and that efficient electricity markets must be crucial in implementing this transformation. We therefore support the commitment of the European Commission to complete the internal energy market without delay. In summary, better markets, stronger grids, and smarter technologies are keys to Europe's energy transformation. – 1 – w 1. Better Markets The internal market is fundamental to efficient use of resources. In the short-term electricity market integration leads to increased liquidity and transparency in wholesale markets, more competitive prices and more freedom for consumers. In the long term, well-functioning electricity markets, stable regu- latory regimes and a robust emission-trading scheme will provide the signals for efficient investments. The reality, however, is that progress to complete the internal electricity market is slow and many ener- gy companies are having to deal with significant and rapid moves back to re-regulation of the sector at national levels.
    [Show full text]
  • Future System Inertia 2
    REPORT Future System Inertia 2 PARTICIPANTS Erik Ørum Energinet.dk Liisa Haarla Fingrid Mikko Kuivaniemi Fingrid Minna Laasonen Fingrid Anders Jerkø Statnett Inge Stenkløv Statnett Fredrik Wik Svenska kraftnät Katherine Elkington Svenska kraftnät Robert Eriksson Svenska kraftnät Niklas Modig Svenska kraftnät Pieter Schavemaker E-Bridge Consulting B.V. (PM) ENTSO-E AISBL • Avenue Cortenbergh 100 • 1000 Brussels • Belgium • Tel +32 2 741 09 50 • Fax +32 2 741 09 51 • [email protected] • www.entsoe.eu European Network of Transmission System Operators for Electricity Contents FUTURE SYSTEM INERTIA 2 ........................................................................................................1 1. EXECUTIVE SUMMARY ..........................................................................................................7 1.1 INTRODUCTION AND SCOPE ................................................................................................................................. 7 1.2 RESULTS AND CONCLUSIONS ................................................................................................................................ 7 1.3 NEXT STEPS ..................................................................................................................................................... 9 2. INTRODUCTION ................................................................................................................. 11 2.1 SCOPE FOR THE PROJECT ..................................................................................................................................
    [Show full text]
  • Nordlink Benefits of the Nordlink Interconnector
    NordLink Benefits of the NordLink interconnector The exchange of power enabled by NordLink will increase security of supply for the German and Norwegian grid and will allow exchange of renewable energies, especially hydroelectric power and wind power, between both countries. In addition it will give more stable electricity prices on both sides and, further on, also will facilitate Eur opean market integration. Driver of the energy transition / Integration of renewables NordLink is a cornerstone in the accomplishment of the energy transition. Since incorporation of the project in the federal national plan law (Bundesbedarfsplangesetz), the energy market necessity and urgent requirement for implementation of the project has been made statutory. The status “Project of Common Interest (PCI)” awarded by the European Union in accordance with the new guidelines for trans-European energy infrastructure underlines the high importance regarding socio-economic and energy market aspects of the project at a European level. NordLink – the “green cable” – will help to facilitate the integration of more renewable energy in Norway and in Germany. It will thus help to reduce CO2 emissions and reach climate goals. With its capacity of 1.400 megawatts, the interconnector can provide renewable energy for more than 3.6 million German households and will be able to export for example wind generated by approximately 466 wind turbines of 3 megawatts. This is comparable to the capacity of a large conventional power plant. European market integration NordLink is the first interconnector that directly connects Norwegian and German energy markets. This supports the integration of the Northwest European energy market, improves market efficiency and stabilises power prices.
    [Show full text]
  • Minutes SDAC Joint Steering Committee Meeting 04/06/2020,13:30 – 17:00 CET, Conference Call
    Minutes SDAC Joint Steering Committee Meeting 04/06/2020,13:30 – 17:00 CET, conference call Present parties 50Hertz Cropex EPEX Spot Litgrid PSE Terna Admie EirGrid (TSO) ESO MAVIR REE TGE Amprion Eirgrid (SEMO PX) EXAA Nasdaq REN Transelectrica APG ElecLink Fingrid Nemo Link RTE Transnet BW AST Elering GME NGIC SEPS TTG BritNed ELES HEnEx OKTE SONI (SEMO PX) TTN BSP Elia HOPS OMIE SONI (TSO) ČEPS EMCO Nord Pool HUPX OPCOM Statnett Creos Energinet IBEX OTE Svk Attending by phone Not present Present chairs, TF leaders, PMOs, observers BMTF leader/PMO Entso-e MRC OPSCOM leader MSD TSO co-leader OST Swissgrid EC JSC Secretary MRC OPSCOM PMO MSD PMO PCR chair & PMO TSO co-chair EMS MEPSO MSD NEMO co-leader NEMO co-chair Procedures TF leader Attending by phone Not present Meeting agenda # Topic For 1 Welcome, practicalities 1.1 Confirm quorum Inf 1.2 Adoption of the agenda Dec 1.3 Approval of minutes of past meetings/calls (incl. part for publication) Dec 1.4 Review open action points Inf 2 Strategy/governance – decisions required 2.1 Way forward Central Settlement Entity Inf 3 Important points to highlight and decisions requested by TFs 3.1 Status extension projects and communication towards EC Dec 3.2 MRC OPSCOM Dec 3.3 MSD Dec 3.4 Procedures TF Inf 3.5 BMTF Dec 3.6 JSC members questions to reports in back-up section Dis 4 Important points for SDAC from ENTSO-E/ NC/ NRAs/ ACER/ EC 4.1 Preparations for next TCG and MESC Inf 4.2 EC consultation on first light amendment of some relevant regulations incl.
    [Show full text]
  • Minutes SDAC Joint Steering Committee Meeting 28/10/2020,11:00 – 17:00 CET, Conference Call
    Minutes SDAC Joint Steering Committee Meeting 28/10/2020,11:00 – 17:00 CET, conference call Present parties 50Hertz Cropex EPEX Spot Litgrid PSE Terna Admie EirGrid (TSO) ESO MAVIR REE TGE Amprion Eirgrid (SEMO PX) EXAA Nasdaq REN Transelectrica APG ElecLink Fingrid Nemo Link RTE Transnet BW AST Elering GME NGIC/NGIFA2 SEPS TTG BritNed ELES HEnEx OKTE SONI (SEMO PX) TTN BSP Elia HOPS OMIE SONI (TSO) ČEPS EMCO Nord Pool HUPX OPCOM Statnett Creos Energinet IBEX OTE Svk Attending by phone Not present Present chairs, TF leaders, PMOs, observers BMTF leader/PMO Entso-e MRC OPSCOM leader MSD TSO co-leader OST Swissgrid EC JSC Secretary MRC OPSCOM PMO MSD PMO PCR chair & PMO TSO co-chair EMS MEPSO MSD NEMO co-leader NEMO co-chair Procedures TF leader Attending by phone Not present Meeting agenda # Topic For 1 Welcome, practicalities 1.1 Confirm quorum Inf 1.2 Adoption of the agenda Dec 1.3 Approval of minutes of past meetings/calls (incl. part for publication) Dec 1.4 Review open action points Inf 2 Strategy/governance 2.1 Exit plan for GB parties Dec 2.2 DAOA: clarification re. approval of updated operational procedures Dec 2.3 15 min MTU implementation project Dec 2.4 Assessment on synergies between regions and SDAC Inf 3 Important points to highlight and decisions requested by TFs 3.1 BMTF Dec 3.2 MRC OPSCOM – PART 1 Dec Lunch break 3.3 Confirm quorum Inf 3.4 MRC OPSCOM – PART 2 Inf 3.5 Interim Coupling Project Inf 3.6 MSD (20 min) Inf 3.7 Intraday auctions (IDA) Inf 3.8 CCP default – status reporting Inf 3.9 JSC members questions to reports in back-up section Dis 4 Important points for SDAC from ENTSO-E/ NC/ NRAs/ ACER/ EC 4.1 Joint SDAC & SIDC governance: “lean” implementation proposal Dis 4.2 Feedback from 22/09 TCG and 23/09 MESC Inf 5 Any other business 5.1 SDAC communication plan Inf 5.2 Qualified electronic signature – status investigation outcome Inf 5.3 Next meetings Inf 1 List of decisions # Topic Decision 1.2 Adoption of the The meeting agenda is approved.
    [Show full text]
  • Afrr-Platform Accession Roadmap Version Description Date V1 Initial Version 24/4/2020
    ^Mhertz vdPC* ^mpr,on CepT EELES elia ENERGINET ^ESO hops pse FINGRID M AAMHE MAVIR " »^orriPAs* > REN Q '**5* - Statnett Så» swissgrid T5TenneT HTerna ^ tr"nsnetbw aFRR-Platform Accession roadmap Version Description Date V1 Initial version 24/4/2020 According to Implementation Framework for a European platform for the exchange of balancing energy from frequency restoration reserves with automatic activation (aFRRIF), Artide 5, Paragraph 4 (b) member TSOs shall develop accession roadmap withinthree months after approval of aFRRIF (date of approval 24/1/2020). The accession of member TSOs to aFRR-Platform (PICASSO) is planned in accordance with the following accession roadmap. PICASSO member TSOs and ENTSO-E Share this accession roadmap for informative purposes only and does not, in any case, representa firm, binding ordefinitive position of PICASSO on the content. The content is subject to change as the implementation progresses and new information becomes available. This accession roadmap will be updated at least twice a year to give stakeholders current information on the development. Explanatory notes Member TSOs below include an explanation for all aspects in the accession roadmap according to the aFRRIF: 5.4.(b)(i) the adaptation and implementation of terms and conditions for BSPs by each memberTSO Member TSOs deemed relevant to split the development of T&C and their entry into force to provide clarity to stakeholders. Entry into force of T&C in some TSOs does not have to be adherent to the connection and Go-live of such TSOs in aFRR-Platform. In practice, the updated T&C may be applied in advance.
    [Show full text]
  • Decision Norned 101783 2
    Public Version – this is a non-certified translation (leading is the original decision in Dutch, Netherlands Government Gazette of 23 December 2004, No. 248, page 17) Office of Energy Regulation DECISION Number: 101783_2-76 Subject: Decision on the application by TenneT for permission to finance the NorNed cable in accordance with section 31 (6) of the Electricity Act of 1998 This decision consists of the following parts: I. TenneT’s application 1 II. Public preparation 2 III. Consultation with TenneT and the Norwegian authorities 3 IV. Legal context 4 V. Utility of interconnector capacity 4 VI. Opinions received 6 VII. Assessment grounds 9 VIII. Socio-economic assessment of the application 9 IX. Market coupling 17 X. Incentives for TenneT 18 XI. Decision 21 Annex A: Conditions Annex B: Accounting Rules 1. On 31 August 2004, the Director of the Office of Energy Regulation (hereinafter "the Director of DTe") received a written application from TenneT B.V., the manager of the national high- voltage grid (hereinafter "TenneT"). In the application, TenneT requests permission to finance a high-voltage cable between the Netherlands and Norway (hereinafter "the cable") using the revenues, as referred to in section 31 (6) of the Electricity Act 1998 (hereinafter "the Electricity Act"). 2. TenneT and the Norwegian grid manager, Statnett SF (hereinafter "Statnett") intend to construct a high-voltage cable between the Netherlands and Norway (also referred to as the ‘NorNed cable’ or the ‘NorNed project’) and, by doing so, to create a direct connection between both high-voltage grids. According to the application, the cable has a length of 1 Public Version – this is a non-certified translation (leading is the original decision in Dutch, Netherlands Government Gazette of 23 December 2004, No.
    [Show full text]
  • Phd Decision Sciences Seminar
    European Electricity Markets Structure and Trading Phase I: Retail Competition and Crossborder Mergers Modelling and Managing Competitive Electricity Markets 30 September – 3 October 2003 John Bower Overview European electricity market overview The Directive and retail supply competition Unresolved regulatory issues BREAK Transmission economics Measuring market integration Transmission pricing solutions Case Study John Bower Europe I 2 European electricity market overview Four coordinated AC transmission grids linked by DC lines define market boundary…. TRANSMISSION SYSTEMS IN THE EUROPEAN ELECTRICITY MARKET Source: UCTE John Bower Europe I 3 European electricity market overview …. owned by 45 separate entities spread across 28 countries coordinated by ETSO EUROPEAN TRANSMISSION SYSTEM OPERATORS (ETSO) MEMBERS • TSOI, the association of TSOs in Ireland: Irish Republic (ESB), Northern Ireland, (NIE) • UKTSOA, the United Kingdom TSO association: England & Wales (NGC), Scottish Power (S. Scotland), N. Scotland, (Scottish Hydro) • NORDEL, the Nordic TSOs: Norway (Statnett), Sweden (Svenska Kraftnat), Finland (Fingrid), W. Denmark (Eltra), E. Denmark (Elkraft) • UCTE, the Union for the Co ordination of Transmission of Electricity, association of TSOs of the Continental countries of Western and Central Europe: Belgium (Elia SA/NV), Germany (Bewag AG, Energie Baden Württemberg AG, E.On Netz GmbH, Hamburgische Electrizitäts-Werke AG, RWE Net AG, Vereinigte Energiewerke AG), Spain (Red Eléctrica de España S.A., France (EdF Gestionnaire du Réseau
    [Show full text]
  • Reviewing and Improving Our Public Consultation Process Appendix 7A
    Reviewing and improving our public consultation process Appendix 7a Working with you for our energy future www.eirgrid.com Appendix 7a European Grid Report: Beyond Public Opposition - Lessons Learned Across Europe Renewables Grid Initiative EUROPEAN G R I D R E P O R T Beyond Public Opposition Lessons Learned Across Europe EirGrid • Reviewing and Improving our Public Consultation Process • Appendix 7a Page 1 EUROPEAN GRID REPORT Imprint The Renewables-Grid-Initiative is managed and legally represented by Renewables Grid gUG. Haydnstraße 1 12203 Berlin, Germany Managing Director: Antonella Battaglini Jurisdiction: AG Charlottenburg / HR 141989 B Tax number: 27/602/56382 Authors: Theresa Schneider, Antina Sander 2 EirGrid • Reviewing and Improving our Public Consultation Process • Appendix 7a Page 2 EUROPEAN GRID REPORT TABLE OF CONTENTS Table of Contents 1. INTRODUCTION 8 COPE AND METHODOLOGY 1.1. S 9 2. CHALLENGES 12 LANNING AND PPROVAL ROCESS AND NTERACTION WITH TAKEHOLDERS 2.1. P A P I S 12 ATURE ONSERVATION AND NVIRONMENT 2.2. N C E 18 HANGE PROCESS AND INTERNAL STRUCTURES 2.3. C 20 3. BELGIUM 21 LANNING AND PERMITTING PROCEDURE OVERVIEW 3.1. P : 22 ERMINOLOGY 3.2. T 23 LANNING AND PPROVAL ROCESS AND NTERACTION WITH TAKEHOLDERS 3.3. P A P I S 23 ATURE ONSERVATION AND NVIRONMENT 3.4. N C E 26 HANGE PROCESS AND INTERNAL STRUCTURES 3.5. C 28 4. FRANCE 29 LANNING AND PERMITTING PROCEDURE OVERVIEW 4.1. P : 30 ERMINOLOGY 4.2. T 31 LANNING AND PPROVAL ROCESS AND NTERACTION WITH TAKEHOLDERS 4.3. P A P I S 31 ATURE ONSERVATION AND NVIRONMENT 4.4.
    [Show full text]
  • Read the Position Paper
    2 The European Commission's Long term decarbonisation strategy foresees more than 400 GW of offshore wind by 2050. This requires accelerating deployment and, crucially, an ambitious approach to developing grid infrastructure. To this end WindEurope recommends: Planning – EU-level • The EU should elaborate a high-level strategy to achieve the grid infrastructure needed for more than 400 GW of offshore wind included in its long term decarbonisation strategy, with support from Member States, industry and grid operators; • This strategy should include the optimisation of existing grid infrastructure and the support of new technologies and approaches as means to plug the ambition gap in the pipeline of projects to 2030 and beyond; • The EU should further elaborate the regulatory framework to allow project developers to build grid connections for cross-border hybrid projects with a smooth and streamlined process; • The EU should use the InvestEU initiative to start an ambitious infrastructure programme for the development of both the onshore and offshore European grid in the long-term; Planning – Member States • Member States should include clear plans for a coordinated offshore grid development in their National Energy and Climate Plans to 2030 including an assessment of investment needs and sources of finance to deliver them; • Member States should amend the regulatory framework to include the option of opening investments in offshore grid assets to new players; Execution • Offshore wind farm developers should be given a larger role in developing
    [Show full text]